Whizz, a NYC-based provider of a e-bike subscription platform for last-mile delivery drivers, raised $12M in Series A funding.
The round, which brought the total amount to $20M, was led by LETA Capital, with participation from Flashpoint, and others.
Founded in 2020 by Alex Mironov, Ksenia Proka, Artem Serbovka, and Mike Peregudov, Whizz is an e-bike subscription service for delivery drivers in the US. It aims to provide safe and affordable electric bike transportation to every delivery worker in the US. The company partners with DoorDash, Grubhub, and other delivery enterprises, offering $159/month rental subscriptions to independent delivery workers on these platforms.
To accelerate its growth, Whizz raised a combination of equity and debt funding. These funds will be used to purchase additional vehicles, including all-new electric mopeds. In addition, the company, which currency operates in New York and New Jersey, will expand operations across the US starting in 2025. Whizz intends to grow its fleet of 2,500 e-bikes — which offers 8-hour battery life, GPS trackers, built-in anti-theft systems, and on-demand maintenance and repairs — to more than 200,000 vehicles by 2030.
FinSMEs
06/06/2024